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The week in real estate development - 21 April 2021

The week in real estate development  21 April 2021

A weekly update of the biggest real estate development news from New Zealand and around the globe.

New Zealand real estate development news

  • PCNZ Awards: The Property Council New Zealand has announced the 109 projects nominated for the 2021 PCNZ RLB Property Industry Awards. The finalists are a varied mix of commercial residential, retail, and industrial properties. More info here.
  • Queen Street tidy up: Auckland Council has committed to removing a make over of Queen Street by installing boardwalks, seating and native plants. The works will also remove the plastic sticks and temporary footpaths they had put in place for COVID19. More info here.
  • Sylvia Park office building: Kiwi Property will build a second office building at Sylvia Park. They have received resource consent for the planned $63M development and expect to start construction in October 2021. The building will be 7,450 sqm over six levels. It will target a 6 Green Star rating. More info here.
  • Pilkington Park, Auckland:Wyborn Capital is repositioning the former Pernod Ricard site in Panmure into master-planned warehousing and office space. The 7.35-hectare site was purchased last year and will be leased in stages. More info here.
  • The Onehunga Mall Club: Lamont & Co has launched started marketing The Onehunga Mall Club. The development features 102 apartments over eight storeys. The project uses a 1,808 sqm site. The product mix is approx 40% one-bedroom, 20% one-bedroom plus multi-room, and 40% two-bedroom apartments. More info here.
  • Stark Property, Hamilton: Stark Property have released concept images of a three-staged mixed-use development planned for central Hamilton. The development plans include offices, retail, hospitality and accommodation. The plans also feature tiered outdoor spaces and rooftop terraces. More info here.
  • Lancaster Park, Christchurch: Christchurch City Council has begun a $3.6M redevelopment of Lancaster Park into new sports fields and green space. The foundations of the old stadium will be removed and the ground levelled as part of the first stage of works. More info here.

Global real estate development news

  • Development legislation, New South Wales: The New South Wales Government will accelerate the development of data centres and warehouses through planning changes to stimulate the post-pandemic economy. Planning approvals will be assessed as State Significant Developments (SSD) with the project threshold lowered from $50M to $30M. More info here.
  • Built & Irongate Group, Sydney: A joint venture between Built and Irongate Group will develop a 186-metre tall hotel tower on Phillip Street, Sydney. The 240-room luxury hotel will be developed on the 1,681 sqm site overlooking the harbour. More info here.
  • Wyndham Hotels and Resorts, Adelaide:Wyndham has begun construction of a new $70M hotel in Adelaide. The hotel will be operated under the Ramada brand by Wyndham Playford Adelaide. The 205-room hotel will be the first Ramada branded hotel in South Australia. More info here.
  • IHG Hotels and Resorts, Geelong: Construction has begun on the Holiday Inn and Suites Geelong. The 180-room hotel will include 23 suites and is the first new-build hotel in the city in more than 20 years. More info here.
  • Brooklyn's first supertall skyscraper: The B1M deep dived into the first supertall skyscraper in Brooklyn, New York. 9 Dekalb Avenue will be the tallest structure in New York City outside of Manhattan. More info here.
  • OPPO, China: Architect’s BIG have revealed a skyscraper design for OPPO’s new research and development headquarters in Hangzhou, China. The tower is shaped like an ‘O’ and has a public park and lake. More info here.

Related Experts

William Silk

Analyst | Stategic Advisory


William joined the Strategic Advisory team as an Analyst  in the Auckland CBD office in 2019, after completing studies at The University of Auckland. 

Specialising in research, reporting and analysis to support strategic commercial proprety decision making. 

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